AustAsia Investment Holdings (AIH)

AustAsia's shares in global and HK offering oversubscribed - THE EDGE SINGAPORE

IPO

AustAsia's shares in global and HK offering oversubscribed

The international offer shares were 1.16 times over subscribed while the Hong Kong offer shares were 2.08 times over subscribed.

IPO

AustAsia Group's offer shares priced at HK$6.40, valuing Japfa's interest at 23 cents per share

The offer price puts AustAsia’s market capitalisation at approximately HK$4.479 billion.

Global Economy

Briefs: Fed still has 'some ways to go', Japfa's AustAsia to launch IPO on Dec 15

Quoteworthy: "You can commit fraud in shorts and T-shirts in the sun." — Damian Williams, US attorney.
Japfa's AustAsia to launch IPO on Dec 15 - THE EDGE SINGAPORE

IPO

Japfa's AustAsia to launch IPO on Dec 15

AIH intends to register its prospectus for the listing on Dec 15 with the Hong Kong public offering commencing on Dec 16.
Japfa to spin off China dairy business while meeting growing Asian protein demand - THE EDGE SINGAPORE

Corporate moves

Japfa to spin off China dairy business while meeting growing Asian protein demand

Japfa is serving a spin-off listing, while feeding the Asian market.
Japfa disposes of 7.5% equity stake in subsidiary AustAsia for $117.9 mil - THE EDGE SINGAPORE

M&A

Japfa disposes of 7.5% equity stake in subsidiary AustAsia for $117.9 mil

The move is part of Japfa’s plans to grow into the largest independent raw milk producer in China.
Japfa acquires two dairy farms in China for US$123.4 mil - THE EDGE SINGAPORE

M&A

Japfa acquires two dairy farms in China for US$123.4 mil

The farms have a total capacity of approximately 16,000 heads of cattle.

Broker's Calls

Analysts bullish about Japfa-Meiji partnership in China

While Japfa will sell 25% of its stake in AustAsia to Meiji, it gains a stable revenue stream and

M&A

Japfa to acquire remaining stake in dairy business for US$263.1 mil

SINGAPORE (Dec 22): Agri-food company Japfa has entered into a share purchase agreement to acquire the outstanding shares in AustAsia from Black River Funds which is managed by Proterra Investment Partners LP.
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